an opportunistic takeover designed to take advantage of depressed market prices. This is especially the case in … under-performance. For these HtV firms, the threat of an opportunistic takeover can destroy value by inducing agency con …-creating takeovers and increase innovation and do not induce agency con icts of managerial entrenchment. This implies that for innovative …

(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured … capital market and is largely driven by inventors becoming less productive after the merger rather than inventor exits …

applications if competition in the market is low. This may indicate that restrictive monitoring and lower advising competences of … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative … influence of outsiders is offset by the pressure to focus on innovation strategies. …

statistically significant and when it is, the economic impact on the probability of introducing innovation and credit rationing is …

investments, externalities and key actors in national innovation systems and productivity. This study explores whether foreign … embeddedness in scientific, vertical and horizontal innovation systems. However, the advantage of higher R&D intensity and possible … knowledge technological knowledge spillover does not manifest itself in superior innovation output or productivity performance …

this study we have methodologically approximated foreign-ownership by foreign take-over and raised the question: how would … outperformed by domestic multinationals in R&D and innovation engagement. Finally, the results on labor productivity are at … variance with the findings in a large number of previous comparison studies. We find that foreign take-over of firms are …

countries Denmark, Finland, Norway and Sweden. This increase has generated interest in the welfare effect of foreign take-over … generally outperformed by domestic multinationals in R&D and innovation engagement. Third, despite the fact that domestic … multinationals are considerably more involved in national innovation systems than other firms, they are not producing more innovation …

-owned companies in R&D-activities; the relative embeddedness in various national innovation systems and the relative output … performance from R&D and innovation. A comparison is made between the innovation and productivity of foreign owned enterprises, of … Sweden, and based on the international harmonized Community Innovation Survey and uniform econometric approaches; the study …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …